WebMar 16, 2024 · Regulations FAR 16.203 Fixed-price contracts with economic price adjustment. FAR FAC Number: 2024-02 Effective Date: 03/16/2024 « Previous Next » 16.203 Fixed-price contracts with economic price adjustment. 16.203 Fixed-price … A fixed-price contract with economic price adjustment shall not be used unless the … (a) Adjustment based on established prices-standard supplies. (1) The contracting … Webthat price supplies or services on a firm-fixed-price or fixed-price-with-an-economic-price-adjustment basis.12 • Contracts resulting from “sealed bidding” must be firm-fixed-price or fixed price with an economic adjustment.13 (...continued) contract could be a MATOC. 48 C.F.R. §16.500(a).
SUBPART 16.2 – FIXED–PRICE CONTRACTS Acquisition.GOV
Webmust be either firm fixed priced, or fixed priced with economic price adjustments. VII. Motive: Compensation/Profit is in most cases the basic motive of business enterprise. … WebA fixed-price contract with economic price adjustment provides for upward and downward revision of the stated contract price upon the occurrence of specified … how do horror movies affect children
Economic Price Adjustment: An Acquisition Method for Inflation
WebJan 15, 2008 · (1) The contracting officer shall insert the clause at 852.216-71, “Economic Price Adjustment of Contract Price (s) Based on a Price Index,” in solicitations and firm fixed price contracts, subject to FAR 16.203-4 (d) (1) and when changes to a price index will be used to calculate corresponding changes to the total contract price or unit prices … WebFixed-price contracts with economic price adjustment are appropriate when there is serious doubt about the stability of market or labor conditions during an extended period of performance and when contingencies that would otherwise be included in a FFP contract are identifiable and can be covered separately in the contract. Web216.203-4 Contract clauses. Contracting officers should use caution when incorporating Economic Price Adjustment (EPA) provisions in contracts. EPA provisions can result in significant and unanticipated price increases which can have major adverse impacts to … how much is insurance on jeep wrangler